Eurozone October manufacturing remains mired in contraction

The eurozone's industrial sector showed few signs of a rebound in October, with output remaining in contraction and few signs of increased momentum from September, according to data from IHS Markit on Monday. Eurozone manufacturing purchasing managers’ index (PMI) levels ticked up to 45.9 during the month compared to 45.7 in September, remaining at a seven-year low and driving job losses up to the highest level since 2013.

US October ethylene contracts settle up 0.75 cent/lb

US October ethylene contracts settled for the majority of the market on Monday at an increase of 0.75 cent/lb ($17/tonne), mostly driven by higher spot prices. The settlement puts October ethylene contracts at 29.75 cents/lb ($656/tonne), as average spot prices rose and cracker cash costs were mostly flat. At least one participant did not settle October contracts at that price.

US November benzene contracts decrease amid lengthy supply, low demand

US November benzene contracts settled lower, as bearish supply and demand fundamentals pushed spot prices lower in October. Contracts decreased 37 cents/gal ($111/tonne) from October to $2.23/gal FOB (free on board) in the US Gulf.

Saudi Aramco announces intention to proceed with domestic IPO

Saudi Aramco on Sunday announced its intention to proceed with its initial public offering (IPO) on the domestic bourse. Saudi Arabia’s Capital Market Authority approved the oil and gas giant’s application for the domestic listing on 3 November, state-owned Saudi Aramco said in a filing on the Saudi bourse, Tadawul.

Solvay's new polyethersulfone line in Panoli comes on-stream

Solvay has started the operation of its new Veradel PESU (polyethersulfone) line at its plant in Panoli, Gujarat. Solvay is raising capacity to address significant demand mainly from the healthcare and water treatment industries, for this high-performance thermo-plastic material.

Valmet to deliver biomass pretreatment system to PRAJ Industries

Valmet, a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, based in Espoo, Finland, will deliver a biomass pretreatment system to PRAJ Industries for their second-generation bio-refinery project under execution in India.

LANXESS showcases innovative water treatment technologies

At the international trade show IFAT, which took place from October 16-18, 2019, in Mumbai, the Liquid Purification Technologies (LPT) business unit at LANXESS India presented its comprehensive range of products and services relating to process water and wastewater. A custom selection of products and technologies is often vital. In many cases, optimum results can be achieved only with the smart combination of several technologies.